(University of Chicago Booth School of Business) The chance to get rich quick by investing in a penny stock, even if it is widely suspected that the stock price is being manipulated, is too tempting for some investors to resist.New research from the University of Chicago Booth School of Business finds that some investors actually seek out stocks suspected of 'pump-and-dump' schemes, despite the risks and warnings from financial experts, in hopes of winning big, akin to the lottery.
from EurekAlert! - Social and Behavioral Science http://ift.tt/2GrMJdY
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